Tiaa Fsb Invests $3.31 Million in Monsanto Company (MON)
Tiaa Fsb acquired a new stake in Monsanto Company (NYSE:MON) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 27,948 shares of the basic materials company’s stock, valued at approximately $3,308,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in MON. ETRADE Capital Management LLC boosted its holdings in shares of Monsanto by 10.4% during the 2nd quarter. ETRADE Capital Management LLC now owns 22,789 shares of the basic materials company’s stock worth $2,697,000 after buying an additional 2,152 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Monsanto by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 30,725,725 shares of the basic materials company’s stock worth $3,636,697,000 after buying an additional 784,418 shares during the period. Northern Trust Corp boosted its holdings in shares of Monsanto by 0.7% during the 2nd quarter. Northern Trust Corp now owns 7,092,929 shares of the basic materials company’s stock worth $839,519,000 after buying an additional 47,725 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Monsanto by 34.9% during the 2nd quarter. GSA Capital Partners LLP now owns 5,610 shares of the basic materials company’s stock worth $664,000 after buying an additional 1,451 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Monsanto by 2.1% during the 2nd quarter. Van ECK Associates Corp now owns 876,754 shares of the basic materials company’s stock worth $103,773,000 after buying an additional 17,847 shares during the period. 74.80% of the stock is owned by institutional investors.
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Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research note on Monday, September 4th. BMO Capital Markets restated a “buy” rating and issued a $128.00 target price on shares of Monsanto in a research report on Friday, September 1st. BidaskClub cut shares of Monsanto from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Vetr upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 target price for the company in a research report on Wednesday, July 12th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and issued a $128.00 target price (up from $125.00) on shares of Monsanto in a research report on Tuesday, June 27th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Monsanto has an average rating of “Hold” and a consensus target price of $124.09.
Shares of Monsanto Company (NYSE:MON) opened at 119.77 on Monday. The company has a market capitalization of $52.62 billion, a price-to-earnings ratio of 25.87 and a beta of 1.07. Monsanto Company has a 12-month low of $97.35 and a 12-month high of $119.82. The firm’s 50-day moving average is $117.37 and its 200-day moving average is $116.53.
Monsanto (NYSE:MON) last posted its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.74 by $0.19. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.18 billion. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $2.17 earnings per share. On average, equities analysts predict that Monsanto Company will post $4.89 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Thursday, October 5th. Monsanto’s dividend payout ratio (DPR) is presently 46.75%.
In other Monsanto news, EVP Robert T. Fraley sold 52,410 shares of Monsanto stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $117.95, for a total transaction of $6,181,759.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven Mizell sold 11,300 shares of Monsanto stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $118.57, for a total transaction of $1,339,841.00. Following the transaction, the executive vice president now directly owns 55,011 shares in the company, valued at $6,522,654.27. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.
Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and digital agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.
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